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Residential building construction (NAICS 236118) industry trends

Sageworks
July 22, 2013
Read Time: 0 min

The residential building construction industry includes firms providing construction, remodeling or renovation services to single-family and multifamily residential buildings. Single-family residential buildings are those in which each housing unit is separated from its neighbors by a ground-to-roof wall and has no housing units constructed above or below. Multifamily residential buildings include high-rises, gardens, town house apartments and condominiums. Design-build firms and construction management firms serving as general contractors comprise this industry. Additionally, the industry includes merchant builders and residential remodelers. Merchant builders are those that build new homes on land owned by the builder rather than the homeowner—the land is included with the sale of the home. Residential remodelers provide additions, alterations, reconstruction, maintenance and repair work for residential buildings. 

The Census Bureau’s most recent data indicates that there are approximately 574,487 firms within this industry.

According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 4.28 percent. During this same time, the average gross profit margin was 28.79 percent. 

The graph below shows business statistics for the average company in the residential building construction industry.

Residential building construction NAICS 2361

 

About the Author

Sageworks

Raleigh, N.C.-based Sageworks, a leading provider of lending, credit risk, and portfolio risk software that enables banks and credit unions to efficiently grow and improve the borrower experience, was founded in 1998. Using its platform, Sageworks analyzed over 11.5 million loans, aggregated the corresponding loan data, and created the largest

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